People are simply fixated on material goods and many are eager to get as much money as possible in a dirty way. It is necessary to develop spiritually and not to do a bad job.
That’s the bad thing to hire people and ran away with their money and most probably newbies are the victims of scammers and mostly scammer crimps the user to work for them and they will get high profit as the work is done they fled away without leaving any traces, scammers are the worst persons and all they want to do is to earn money without efforts or on others behalf. |
|
|
|
So guys, after 2 years of trading i am going to stop. (unless i have full time to trade, which i currently don't)
I have calculated all my trades on the various platforms i have used in the last couple years.
Deposited: 47BTC (roughly)
Withdrew: 40BTC (roughly)
Overall i am happy with the results, i would pay 7 BTC anyday for what i have learned so far.
Now the question is: what the fuck do i do now with my money.
maybe you may start your own business in your country. Or just hold your bitcoin for appreciation of value. Or look for something else that you may earn Bitcoin aside from trading. Or donate it to the people who are in need. If you are fond of teaching other people about trading Bitcoin, might as well consider that. Hold your bitcoin will better than try trading it when you have not knowledge and experience to trading this market. Cryptocurrency market also like Forex or Stock markets, not easy to make money at here. Keep your money in Bitcoin never make you have loss after long time  I have traded both and I can even tell you that with good precaution, so far so good, crypto market though volatile is still easy to trade and make good profit. You can even hold for long with crypto as long as you know you are not holding the wrong coin, with forex, if you lose you have lost and no 2 ways about it. However like you said, if you have no idea about trading it is best not to bother at all than to try your luck. Quitting the trade in case you are not doing well in the world of trading is actually not a bad option. Trading is no doubt a very good option but it is better not to trade at the time when you are getting in loss. In fact, it is much better for you to take a good rest and get back to the work when you think you can do well in trading now. |
|
|
|
Nobody wants to sell, BTC has become like pokeman and people want to catch 'em all.
B T C i am gonna catch you all  LOL , you made me laugh It is not something funny or anything like that. It is in fact a very good approach to buy and earn as many bitcoins as you want to have for having better tomorrow. Moreover, I will suggest you not to go for selling until and unless you are well satisfied with the amount which you are getting by selling your bitcoins. Think well before making any such kind of decision related to selling of bitcoin. |
|
|
|
actually if we can analyze the coins movement, its easy to do trading bitcoin/altcoin and earn monthly but we can not always know what coin will be down and up. the market can not moves like what we want and we should determine by watching the market itself so we know what coins has to be good coins to get profit. but I realize that its too difficult to know which coin, we need to always search and sometimes what we calculate is not right and we are only get stuck in one price.
You get to know about the market prices of different coins in the world of crypto currencies once you get into this stuff. It is actually not a difficult task to know about such kind of things. Moreover, selling your coins at the high price and buying them again when the prices fall down can help you earn good amount of money while dealing with bitcoin/altcoin trading. |
|
|
|
what do you think about pump and dump? did you ever trade on pump and dump event? can you give few tips for how to make money from this events? what i need to look for?
I think pump and dump is an opportunity for success, if you can read and take advantage of the situation well then you will get extraordinary profits, if the price plummet is a moment to buy and if it rises it is a moment to sell. If you really understands what pump and dump means in normal crypto trading, you would not even say that. Pump and dump is usually done by some group of people who have a source to communicate with themselves (usually telegram channels) and one person calls the shot for people to quickly buy a coin and once it rises, dump it as fast as possible. This is a huge scam and most people always end up losing while the person calling the shot must have set a selling price and dash away with the profits. You are talking about the normal pump that goes on in the market when it is rising and when people are scared and quickly dumping as a result of FUD, but I am sure that is not what OP was referring to. well said! pump and dump is a strategy made by the different group of people to make the crypto invironment panic.it is said to be the most powered strategy and profitable to those who made it.in short they controlled bitcoin in a market and no one knows about it. Pump and dump is a very good way of making a very good amount of money for the ones who know the art of dealing under those conditions. Things keep on changing in the international; market and rise and fall in the market price will keep on happening in the future as well. You need to be wise in order to cash those moments so that things may work like the way you desire. |
|
|
|
I have recently took investing on poloniex serious. Ever since I've invested the alt coins have been down. Do the amount of coins I posses go up if I stay. Also, do I have to wait for the coins to go back to their original price that I bought fo in order to make a profit? What are the reasons to holding if prices are down? Thank-you.
holding a coins you buy that recently dumped is a nice move to protect you from a negative outcome. There are so many altcoins that are meant to pumped in a long term profit. Holding is a very good thing especially at the time when the prices are falling down. It will definitely help you in earning a good amount of profit without any hard work. I think of holding as the best option for the ones who actually lack skills to do well in the world of trading. If you have this much skills that you can trade, then trading is more beneficial as compared to that of holding. |
|
|
|
I would like to read this thread in 5 years, for example. I am sure it will bring me a lot of fun. I would try to keep the link, but, probably in vain. Links will be others too))) Why it would be funny for me? I am sure in five - maximum ten years there will be no fiat at all. 30% have already lost their work)) And in future all bank workers rascals will get their basic income and dream about "good times" Well, you can say this but I think this is not going to happen in the near future. The way bitcoin is making its good reputation and name in the international market, there is no way that we can doubt the importance of bitcoin but the fact is paper money carries its own place and bitcoin will not affect fiat that much and both these currencies will be used by us in the coming days. |
|
|
|
yes, it's good that we have bitcoin hiding but for ordinary person would rather use it especially when the value is higher than the price they bought.
I believe it all depends on the skill set and planning of the person. For me, saving the bitcoins for a long is far more beneficial than any other thing especially for the one who is not good at trading. We all know this thing very well that the market price of bitcoin will keep on increasing in the coming days. So, holding bitcoins actually mean that you are going to have more profit at the end. |
|
|
|
In any case, trading is a probability. You have to start trading with amounts that are not afraid to lose to emotion. After you tought you will increase the deposit together with skill.
When you trade crypto on spot market because of high volatility it is not a loss until you sold the asset.
This is in fact the basic rule of trading that you invest that much money that you can afford to lose. You cannot get any profit till the time you will not overcome this fear of losing your money. You need to be very much brave and strong in order to have more profit at the end. In the world of trading the first lesson that you have to learn is this that you need to be brave. |
|
|
|
My bank closed my account last year for no reason, and all money in my account was gone. I argued with the bank, even contacted the local government, no use. My bank just stated that "Pursuant to the CMA Disclosure and Agreement, 'THE BANK, at its discretion, may elect not to accept an account, terminate the account agreement and the account agreements of any related parties'. Both parties to the agreements have the right to end the relationship at any time and neither is obliged to provide a basis for such a decision to terminate". No single word explaing the termination was given to me. I contacted all banking lawyers online, and they were all representing the bank, not the customers. The money I lost can buy a new Mercedes. However, banks around the world now are too powerful. They are too big to fail. When you open an account in the United States, and probably also many other countries, you voluntarily give up the rights to sue the bank under their arbitrage clause. Even worse, they define the financial laws and enforce them. They can close your account, freeze and steal your property and evict you from your house. The more money you deposit into your bank account, the more you are helping the evil. I'm glad to see Bitcoin is changing all of these. Let banks die!
And how can they be trusted if, during a crisis, they either burst or are nationalized. And where our money goes, into emptiness. And then prove and knock out your blood. You need to trust only yourself and no one else, but keep the money in hard currency or real estate. In the present world, when the usage of paper money is far more than that of digital currency. You have to trust the banks as these are the only place where you can place your cash and you’ll be satisfied with that. Banks are no doubt very much preferable especially for the ones who are fond of saving their money. You need to trust banks for the safety of your money. |
|
|
|
Yes its true bitcoin is for levels of the society whether your rich or poor, educated or not, single or married for as long as you can understand how bitcoin works you can earn it and do what you want. Bitcoin has many opportunities for earnings which people needs nowadays.
This is what the real beauty of bitcoin is. It is meant for everyone without any kind of discrimination. It provides an equal opportunity to all of us to come and invest a healthy amount of profit from bitcoin. You can earn a good amount of money whether you have cash or not. This is the reason that why bitcoin is getting so much popular amongst the people. |
|
|
|
The future of paper money is looking extremely bleak right now. As a matter of fact, it is slowly dying away never to be used again. Can you believe that? Worthless USD cash, it all has to be gov'd digital currencies? Lol you'll wish you have Bitcoin then.
Everyone has his ow point of view. I think that the future of paper money is not that much bad as you have just mentioned. There are still so many who don’t even know about digital currency and are using paper money for all the things they are doing. It is very much difficult to experience a cashless society in the future as well. Yes, this is very much possible that the usage of paper money gets little less. |
|
|
|
If the world use the same global currency then all countries should be accepted equally
Which means one government and one currency throughout the world helps to spend and share without boundaries. There is no need to exchange currencies for travelling worldwide all the people can enjoy spending their money without having to think about changing their currency. I hope bitcoin will be accepted by all countries.
If there comes a time when there will be only one currency all over the globe and every country will be using that currency, then this will be the best thing which this world will experience. This will help the people to get tension free from keeping different currencies while travelling across the world. Moreover, you can easily trade with different countries without any difficulty. |
|
|
|
investing... or trading... this is the same thing, because, trading is also investing... if you try to trade, you are doing business by trade, and that is investing perse... so there's no difference at all...
Actually it is not the same thing. Trading coins is daily job and investment is for long term. You can't buy coin, hold it for 1 year and say you are trader, and you can't buy coin, sell it tomorrow for 1% profit or so and say you are investor. There is a clear cut difference between being trader and investor. If you are holding a coin for months even and selling it off when the prices are in your favor or they are in the green part of the graph, you are not trader at all. Trading is a proper job and professional traders trade almost every day or every week. Keeping coins for years is investments. Indeed, there is a difference between being a trader and an investor but it is good to do both because it is like having a back up if something goes wrong like if you will receive losses in trading then you don't need to worry because you got a back up and that is your investment that will help you to recover your loss. Doing both the trading and investing demands you to be very much active and you need to manage your time very much carefully. In my opinion, trading is something which is more profitable and preferable as compared to that of investing. Trading can help you earn a good amount of money. You only need to work hard. |
|
|
|
Because more and more people are starting to wonder what the bank does to our money and they do not trust the banks anymore that is why they need virtual currencies like bitcoin. Because bitcoin is something they can control themselves and no bank can reach that.
And the other reason for the need if virtual currencies is that more and more companies are on a high speed are going to shift to digital form so it is the demand of that type of business that we must have some digital form of money. |
|
|
|
Hi all, What is your favorite trading exchange ? Why do you prefer this exchange ? Do you trade only with your PC or do you use your smartphone also ? Thanks Bittrex is my favorite trading exchange. Bittrex is really the best site of exchanging coins. I always using bittrex because it is the most trusted site. I trade using my PC because it is easy to use than smarthphones. Bittrex and Poloneix are no doubt the most widely used trading exchanges. I myself use Bittrex. I found it very much convenient. There is absolutely no match of Bittrex in any way. It is the most trustworthy exchange amongst all other exchanges. I will advise to use this trading exchange for at least once. You’ll find it amazing. |
|
|
|
With anything, dont invest what you cant afford to lose.
Did you research these projects before you purchased?
i agree to you, dont buy any altcoin if you dont want to take the risks. before you buy some alt you need to know about and that project before you purchased. That's correct and if you invest in any altcoin blindly without doing any research then you will surely loose money in it so if you don't have any idea about altcoins the best thing would be to buy bitcoin and hold it till the price goes higher in future and sell when you are making good profits from it. Investment without reseach just is gambling, you cannot call this is trading or investment. You are also a gambler when use your money for invest to an altcoin by the promote from someone Yeah it is time to stay calm and don’t be panic just hold and the time will come when you will release them at higher rate and the most of the common thing when new investor sees the price going down he will be in the panic situation and then he sold at low and this gave him loss the only way to score profit is sell high buy low. As far as buying and selling is concerned, then you are very much right that buy when low and sell when high. As far as trading is concerned, I think if you are not doing well in the field of trading, then there is no harm in taking a pause. Holding is in fact the best option for the one who is not good at trading. |
|
|
|
what do you think about pump and dump? did you ever trade on pump and dump event? can you give few tips for how to make money from this events? what i need to look for?
I liked pump and dump, because for me it's art in trading  and my suggestion do not buy when the pump occurs more than 70%, it's better to wait to buy at bottom or buy another coin That’s true. It seems like the question man is not an expert rather is a newbie. So, advised, stay away from these market fishers. They are only to indulge the newcomers by showing them huge money out there and then they play with their money, making loss to newcomers. It happens many times. Yeah, although this scenario does not make us loss our money after long time trading on the crypto market and received more experiences, but it very useful for whales eat newbie and speculators. Whales are always looking for those who are new to this market so that they can enjoy big profits form their silly mistakes and I really feel sorry for newcomers. The older traders should help them out at maximum to avoid losses. There is no need to let them fall to whales. Newcomers who are looking for quick ways to get rich with doing their own research is just scandalous. They deserve the consequences that come to them in whatever form it may be. Much easier to buy and hold BTC long term. It is just matter of time the prices are low as compare to the past prices and it is time to buy if once prices start rising the profit rate must be very high and no one will stop from securing high profit so pump and dump continues in this field the only thing that matters which is skills. Its something that many experience trader are looking for. Cuz they know now to see and predict this signs and use this to make profit. Experience and skill is they major factor for serious traders, some inexperience traders look for this but end up with loosing. I think this is pump and dump only which makes a difference. You only need to cash those moments in the best way you can in order to have better profit at the end. Normally what I do at the time of dump is remain patient and hold my Bitcoins. Moreover I keep on looking for the ways with which I can manage to buy more Bitcoins at the time of dump. On the other hand, I sell my Bitcoins at the time of pump for having a good amount of profit. |
|
|
|
If you need money you sell it. other you don't sell your btc cause now btc price is down so don't sell now is correct time for buy. I suggest now you buy btc and forget it that you have btc for two year then you see protfolio.
You are so right in this regard. This is not the time to sell but yes if you need money right now and you don’t have any other option then sell it. But if you don’t need urgently, then time to cover up your coins and forget them. Uncover them after long time and sell. This is something which entirely depends on the needs and the state of person. Generally, the best time for buying the Bitcoins is when the market price is low as compared to normal price. As far as selling is concerned, I think there is no better time for selling but the time when you are getting enough amount of profit by giving away Bitcoins. |
|
|
|
In my daily routine, I prioritize my office work about 8 hours a day, 5 times a week, two to three hours in bitcoin forum, 1 hour work out 5 times a week, and the rest occasionally going out with friends,and my personal necessities. Quite difficult at first, but just make it a habit and i'm sure adaptation comes, then you yield a colorful and healthy lifestyle.: Everyday i prioritize my time frames for each activity first every morning 1 hr and 30 mins posting some activities in bitcoin forum and then go to work for 8.9 hours after that 3 to 4 hours check twitter account and reading some activities that are interesting with convincing strategy in trading then rest. That is best thing if you are so okay with your daily routine. Things will work better if you only stick to the management of time. Because we have much to do the whole day just need the better arrangement in terms of their completion. So the key success is time management. Time management is no doubt very much important thing and is just like the deciding factor, the factor which will decide whether you are going to have profit or not. Time is no doubt priceless money, we need to value it for having a better living. I manage my time in a way that I used to complete my most important tasks earlier in the day and least important tasks afterwards. |
|
|
|
|
Show Posts
